credit control

credit control
any policy designed to increase or decrease credit. Glossary of Business Terms

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credit control credit control control1

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credit control UK US noun
[U] (also credit management) ACCOUNTING, FINANCE the system used by a business to make certain that it gives credit only to customers who are able to pay, and that customers pay on time: »

In most cases it is better to improve your credit control than to give a discount to entice payment.

[U] BANKING, FINANCE a process used by a bank to make certain it lends money only to people or businesses who are able to pay back their loans: »

Mr Bond said the bank was seeking to learn the lessons of last year's losses by tightening up on credit control procedures.

[C, usually plural] ECONOMICS, GOVERNMENT a set of actions used by a government to reduce the amount of money available for borrowing or spending: »

The Labour Party pledged that, if elected, it would introduce credit controls as an alternative to high interest rates.


Financial and business terms. 2012.

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